The Brazilian lifting equipment market fell to X dollars in 2021, down -X% year-on-year. Overall, total consumption has expanded moderately from 2012 to 2021: its value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2021 data, consumption has increased by +X% compared to the 2017 index. During the period under review, the market topped $X in 2020 before falling the following year.
In value terms, hoisting equipment production in 2021 is estimated to have dropped significantly to $X at export prices. During the period under review, total production has grown significantly from 2012 to 2021: its value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2021 data, production has increased by +X% compared to the 2017 index. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. Lifting equipment production peaked at $X in 2020 before declining significantly the following year.
Brazil's overseas shipments of lifting equipment fell for the third year in a row, falling -X% to X units in 2021. But overall, export volumes recorded a significant increase. The growth rate was most pronounced in 2013, when exports increased by X% over the previous year. During the period under review, exports peaked at X units in 2018; however, from 2019 to 2021, exports were slightly lower.
In value terms, hoisting equipment exports fell sharply to $X in 2021. However, during the period under review, exports showed a significant increase. The fastest growth was recorded in 2013, with exports increasing by X%. During the period under review, exports peaked at $X in 2020 before shrinking significantly the following year.
Chile (X units) is the main destination for Brazilian lifting equipment exports, accounting for X% of total exports. In addition, exports of hoisting equipment to Chile exceeded three times that to Malaysia (X units), the second largest destination. Argentina (X units) ranks third with X% of total exports.
From 2012 to 2021, the average annual growth rate of exports to Chile totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Malaysia (+X% per annum) and Argentina (+X% per annum).
In value terms, Chile ($X) remains the main foreign market for Brazilian lifting equipment exports, accounting for X% of total exports. In second place is Argentina ($X) with X% of total exports. It is followed by Peru with an X% share.
From 2012 to 2021, the value to Chile has grown at an average annual rate of +X%. Exports to other major destinations recorded the following average annual export growth rates: Argentina (+X% per annum) and Peru (+X% per annum).
In 2021, overseas purchases of lifting equipment will increase by X% to X units, the fourth consecutive year of growth after three consecutive years of decline. Overall, however, imports showed a marked reduction. The most significant growth rate occurred in 2019, with an X% increase compared to the previous year. During the period under review, imports peaked at X units in 2012; however, from 2013 to 2021, imports decreased slightly.
In value terms, hoisting equipment imports have shrunk significantly to $X in 2021. But overall, there has been a sudden drop in imports. The fastest growth in 2019, an increase of X%. Imports peaked at $X in 2012; however, imports declined slightly from 2013 to 2021.
Belgium (X units), Italy (X units) and Austria (X units) are the main suppliers of lifting equipment imports to Brazil, together accounting for X% of total imports.
From 2012 to 2021, the largest increase was in Austria (+X% CAGR), while other leaders saw more modest growth in purchasing.
By value, Italy ($X), Austria ($X) and Belgium ($X) are Brazil's largest suppliers of lifting equipment, together accounting for X% of total imports. Among the major suppliers, Austria, with a CAGR of +X%, had the highest import value growth rate during the period under review, while other leading suppliers experienced more modest purchase growth rates.
Brazil's largest suppliers of lifting equipment by value are Italy, Austria and Belgium, which together account for 85% of total imports.
In value terms, Chile remains the main foreign market for Brazilian lifting equipment exports, accounting for 50% of total exports. In second place is Argentina, which accounts for 14% of total exports. It is followed by Peru with a share of 9.2%.
The average export price of hoisting equipment in 2021 will be US$18,026 per unit, a year-on-year increase of 7.9%.
The average import price of hoisting equipment in 2021 will be US$3,617/unit, a year-on-year decrease of -45.6%.
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